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HomeMy WebLinkAboutEXHIBIT B-DEV. AGREEMENTEXHIBIT "B" DEVELOPMENT AGREEMENT BETWEEN CITY OF MIAMI, FLORIDA AND SWIRE PROPERTIES, REGARDING DEVELOPMENT OF THE BRICKELL CITICENTRE PROJECT THIS AGREEMENT is entered this clay of July, 2011, by and between Swire Properties, Inc., a Florida for profit corporation ("Swire"), and the CITY OF MIAMI, FLORIDA, a municipal corporation and a political subdivision of the State of Florida ("City") (Swire and the City together referred to as the "Parties"). WITNESSETH: WHEREAS, Swire holds fee simple title to 9.03 acre downtown Miami, in the Brickell area of WHEREAS, the property is more specificallylocated south of the Miai,.River, west of Brickell Avenue, north of SW 8th Street and east,of`NW 1s` Avenue (the "Prone* y sketch and legal descriptions of which are attached as Exhibit "A";.I`'e routes; WHEREAS, the Property spans,,four city blocks a1fd7s located between two mass transit WHEREAS, the Property is currently vacant, undeveloped lots secured by chain linkfenc WHEREAS, the develop a world cla, Property; urre�?t oWI1t6W WHEREAS, Swire pedestrianOerfte- roan develfo) needed zrefail for the 1 and ized in tha predominantly consists of status of the TP.operty is iltconsistent with the City's vision to > and the wishes to encourage redevelopment of the evelo tYille Property into a high -density, mixed -use, klent known fits Brickell CitiCentre which will provide much WWtown area of Miami (the "Project"); u. W REAS, in ordtibi to maximize efficiency and design of Brickell CitiCentre, Swire desires to construct two Levels of underground parking; WHEREAS, a process exists within the City's zoning code ("Miami 21 ") which allows parcels of more tha`ntne abutting acres to be master planned to allow greater integration of public improvements ajd infrastructure, and greater flexibility so as to result in higher or specialized quality bu.ilfding and streetscape design; WHEREAS, the result of this master planning process is known as a "Special Area Plan" or "SAP; WHEREAS, Miami 21 requires development within an SAP to be governed by a Development Agreement between the property owner and the City; {N13037260;71 1 WHEREAS, the City and Swire wish to rezone the Property from T6-48B-0 to Brickell CitiCenter SAP in order to encourage redevelopment of the Property and effectuate the Project; WHEREAS, this .Development Agreement ("Agreement") satisfies the requirement set forth in Miami 21; WHEREAS, the City and Swire wish for development of the Project to proceed substantially in accordance with the Regulating Plan and Design Guidelines attached as Exhibit: "B" ("Regulating Plan and Design Guidelines") and the Conceptual Site Plan attached as Exhibit "C" ("Conceptual Site Plan"); WHEREAS, the Property is designated Restricted Conlmerciial, with an Urban Central Business District Overlay, in the Miami Comprehensive 7eghborhood Plan (the "Comprehensive Plan"); WHEREAS, the City and Swire wish for development of the Projectto proceed in a manner which is consistent with the Comprehensive Phan; WHEREAS, the Project is located in the Dove ("DDRI"); WHEREAS, as of the Effective accommodate the Project and Swire has reserve the City; evelopment of Regional Impact DDRI has suffioient.development capacity to capacity thi ugh appropriate means with WHEREAS, thelackof certainty in thelapproval of$cevelopment can result in a waste of economic and land resources, cfrscourage sound ,capital improvement planning and financing, escalate the cost of housing and `development, and. discourage commitment to comprehensive planning; Wirft:' tsurancet :,a developero hat it may proceed in accordance with existing _, laws and 1 ohcres, suThect`to the'c editions of a development agreement, strengthens the public plannrmg°process, encourages sound capital improvement planning and financing, assists in assturng : mere are adequate caprt i1- facilities for the development, encourages private �utici patio- ,corn rehensrV ' lannrntr and reduces the economic costs of development; P l " ,.. P' , b� P WHEREAS, the City;Commission pursuant to Ordinance No. 11-XX, adopted July XX, 2011 has authorized the Gi',ty Manager to execute this Agreement upon the terms and conditions as set forth below, and the Boards of Directors have authorized Swire to execute this Agreement upon the terms and conditions set forth below; NOW THEREFORE, in consideration of the mutual covenants and agreements hereinafter contained, the parties mutually agree and bind themselves as set forth herein: Section 1. Consideration. The Parties hereby agree that the consideration and obligations recited and provided for under this Agreement constitute substantial benefits to both parties and thus adequate consideration for this Agreement. (M3037260;7) 2 163 3 Section 2. Rules of Legal Construction. For all purposes of the Agreement, unless otherwise expressly provided: (a) A defined term has the meaning assigned to it; (b) Words in the singular include the plural, and words in plural include the singular; (c) A pronoun in one gender includes and applies to other genders as well; (d) The terms "hereunder", "herein", "hereof, "hereto nd sii`ch similar terms shall refer to the instant Agreement in its entirety a, not to individual sections or articles; (e) The Parties hereto agree that this Agree shill not bemo„ against either the City or Swire, as allpties are drafters of tht. e strictly construed greement; and (f) The recitals are true and correct and ate incorporated into and matt ril part of this Agreement. The attached exhibits shag e ele f zeeadoptecl and incorporated into the Agreement; provided however, that thi4�,Agreement shall be deemed to control f V: in the event of a conflict between the attachmets_and this Agreement. Section 3. Definitions. Capitalized to n :whzelare not specifically defined herein shall have the meaning given in Miami 21. "Agreement" meanSE "City" mean subdivision of instrumentalities su omprenen omprehensive Duda Statutes tatutes (2010), S 2), Florida Sfitutes (2010), which is in effect as of the Effective Date. e City \o Stat&r. greement between the Ci '�F Miami, a 'Municipal of Florida, a'ndr,. all ictio'Lt ereof. corporation and a political departments, agencies and laneans the comprehensive plan known as the Miami e1ghborhobd Plan, adopted by the City pursuant to Chapter 163, , meeting" the requirements of Section 163.3177, Florida ion 1C3.3178, Florida Statutes (2010).and Section "County "''Moans Miami -Dade County, a political subdivision of the State of' Florida. "Development" means the carrying out of any building activity, the making of any material change in the use or appearance of any structure or land, or the dividing of land into three or more parcels and such other activities described in Section 163.3221(4), Florida Statutes (2010). "Effective Date" is the date of recordation of the executed, original version of this Agreement. (M3037260;7 } 3 "Existing Zoning" is (a) Miami 21 Code, January 2011, specifically including the Brickell CitiCentre SAP, and (b) the provisions of the Charter and City Code of Miami ("Code") which regulate development, specifically including Chapters 10, 13, 22, 23, 36, 54, 55 and 62 of the Code as amended through the Effective Date, which together comprise the effective land development regulations governing development of the Property as of the Effective Date. "Land" means the earth, water, and air, above, below, or on the surface and includes any improvements or structures customarily regarded a4land. F'S*. "Laws" means all ordinances, resolutions, regulations, comp ehensive plans, land development regulations, and rules adopted by a local,rgovetfoment affecting the development of land. "Public Facilities" means major capital improyeri exits, including, but»not limited to, transportation, sanitary sewer, solid waste, drainage, potable.: water, educational, parks and recreational, streets; parkingfand health systems and facilities. t, j Section 4. Purpose. The purpose of this Agreement tFfor the City to authorize Swire to develop the Project pursuant to the Brie kell CitiCentre SAP: This Agreement will freeze, as of the Effective Date, the land development regulations which WI1g%ern development of the Project, thereby providing the Parties with addi i®nal certainty dutitrig the development process. This Agreement also satisfies Section 3.9.1.ff{ Section 5. Intent. Sfwl2'e niicl-, the City intend for this Agreement to be construed and implemented so as to yeffectuate tire: purpose of the Brickell CitiCentre SAP, this Development Agreement, the Com ehensivet Plan and the Florida Local Government Development Agreement Act, Section 163 3220' 163,3243, Florida Statutes (2010). Section 6 r. Applic bilrty. This Agreement only applies to the Project. Section? Term of Ageement, Effective Date and Binding Effect. This Agreement shall have a tettrL of thirty (30)years from the Effective Date and shall be recorded in the public records of M a ni-Dade Couiitfiy, and filed with the City Clerk. The tenn of this Agreement may be extended byninutual consent of the Parties subject to a public hearing, pursuant to Section 163.3225, Floridak atutes (2010). This Agreement shall become effective on the Effective Date and shall constitute a covenant running with the land that shall be binding upon, and inure to, the benefit of the parties, their successors, assigns, heirs, legal representatives, and personal representatives.' Section 8. Permitted Development Uses and Building Intensities. (a) Brickell CitiCentre SAP Designation. The City has designated the Property as Brickell CitiCentre SAP on the official zoning Atlas of the City, pursuant to the applicable procedures in Miami 21. The Brickell CitiCentre Regulating Plan and Design Guidelines are attached as Exhibit "C". In approving the Brickell CitiCentre SAP, the City has determined that the uses, intensities and densities of t M3037260;7) 4 development permitted thereunder are consistent with the Comprehensive Plan and the Existing Zoning. (b) Density, Intensity, Uses and Building Heights. (c) (1) As of the Effective Date and pursuant to the Brickell CitiCentre SAP, the density proposed for the Property is approximately 150 units per acre, and the intensity proposed for the Property is measured by an above -ground Floor Lot Ratio of 14 (specifically excluding underground parking and circulation). (2) The non-residential development permitted on the Property includes, but is not limited to, the following uses: o,=ffice, 'h {te1, retail, entertainment, medical office, academic space and ipy otheises permitted by the Existing Zoning. (3) As of the Effective Date anti pursuant to'the Brickell CitiCentre SAP, the maximum height proposed for the Project*683 feet, and t ,einaximuml height proposed for the Pedestal is 1Z9 det (Phase I and IA) and 160 feet (Phase II). (4) Nothing herein sha l prohub t Swire frort requesting an increase in the density or intensity o de eiq silent permittedgon the Property, as long as such increase in densify,or in ns1 r is consistent with the Comprehensive Plan as it exists on the E fe6tive Date" Environmental The City finds that the Project will confer a significant net improv meat upon t`he publicly accessible tree canopy in the area. The City and Swire agree hat Swie wfll comply with the intent and requirements of Chapter the Citytree replacement within 1 mile of the Project, hasrs.Non, 7t1i Street; u Street and South Miami Avenue. City agrees to facilitate ;le perrrut1ting and planting of replacement trees on all publicly owned property in G marea. (d) Archaeologic1� Because of the Project's location in a high probability e iaeologrcal tione, the City will require Swire to obtain a certificate to dig prior to any,: ground disturbing activities. Ilowever, in no case shall the City require archae6 ogical monitoring after soil/tree removal (ie, during excavation of the (e) limestoi e'bedrock). Signage. The Project's location within the center of the City's Urban Core provide an opportunity to incorporate signage, including the display of art or graphics with or without commercial messages, in a fashion that will aesthetically enhance the view corridors along the major County and state arterials bounding the Project site. (1) Geographical area. Notwithstanding the definition of Geographical area in Sec. 62-602 of the City code and the boundaries depicted in the Mural (M3037260;7 ] 5 area described in Exhibit. "A" to Mural ordinance (rile ID 10-01249), adopted on January 13, 2011, the City hereby authorizes the issuance of a Mural Permit(s) authorizing the erection, placement, posting, painting, display, maintenance, or hanging of Murals on a Wall located on the Property designated as part of the Project SAP. (2) Spacing between murals and number of murals permitted per building. Murals located on Walls within the Project SAP shall not be subject to spacing limitations set forth in Sec. 62-606;(3) of the City code. Notwithstanding the language of Sec. 62-606,(3), nultiple murals may be located on the same side of the building. (3) Mural size. Murals shall be allowed tabovei�tipto eighty percent (80%) of the Wall, or thirty-three percent (33% of the Weill if the Mural covers windows. Murals on the same Wa11,s'either individually or in aggregate, shall not exceed: a. Project West Block, West b. c. Project East Blo' d. Project East Block`kSouth �t1.. Project Northplock, East Elevat1 o] }e.d'estal — 10,000 s eclestal — 10,500 sq. ft. at Elevation Pe 2.2,500 sq. ft. West Block, South Elevation" Pedestal — 4,000 sq. ft. Project East Block, Noi Elevation Pedestal — 6,500 sq. ft. opal;Elevation Pedestal — 4,500 sq. ft. :ere a ddjflict exists between the Outdoor Advertising Zone Signage imensrois specified on Pages A2.31, A2.32, A2.35, and A2.37 of the Meet SAP Regulating Plan, the maximum dimensions specified in this su <_aectionvshall control. Section 9. Connectivity and Activity within Public Right -of -Way. yr Connal1A. A critical element to the success of the Project is above grade and below Ode connectivity between blocks and through public rights -of -way, This connectivity should be encouraged both within Ole Project and between the Project and Abutting property. This connectivity will result in ease of access, minimized pedestrian and vehicular conflicts, and reduction of the Project's traffic impacts by permitting internalized traffic circulation. In order to activate the above grade connections, Swire proposes to locate commercial activity in this area. (a) (M3037260;7 J 6 (2) Swire recognizes that such connectivity and commercial usage may require approval of other governmental agencies such as Miami -Dade County and the Florida Department of Transportation. The City finds and determines that establishing such connectivity and commercial usage serves a public purpose, and City agrees to support Swire's efforts to obtain any authorization to establish such connectivity and commercial usage. The City finds that the authorization of such uses within the public right-of-way will have no adverse effect(s) on the provision of naturallight, circulation of air, or increase the adverse effects resulting from fire, 'floods, tornadoes, and hurricanes. It is further found that the presence s'u( way shall in no way diminish access for fire-f ght%rtg apparatus or rescue and salvage operations; diminish traffic, transportation and circulation; or adversely impact the advancement of the safety, healfh,, atnenity aidzgeneral welfare within the City. Given the public benefits conferred tipop the Cfly.,by the above- e nand below - grade connectivity between blocks arid' ; acroSS Fhe public rights -of -way, the provisions of Sec. 54-186 shall not apply vq1%t}nthe Brickell CitiCentre SAP. (b) Construction of encroachRiertts within the Pu6Mc-Rig,ht-of-Way. The City finds that the proposed encroachment does not undujy restrict the use of the public right-of-way and is a necessary xessential elemeift in the construction of the pedestrian walkways above the publicriglits ;of way and vehicular underpasses below the same rights -of -way.€ '1?h°e adoptioi of this Agreement shall serve to qrve satisfy rhteregnrements set forthIn Sec. 55-I4"(b) of the City Code. fr,`T` k' . NotvvithsYanding theorequirements Hof Sec. 55-14(c) of the City Code, the City agrees to watve anf claims tpTayment of a user fee in connection with the action oiiheafoteremttoned encroachments into the public rights -of -way. FurtherAgreedipnt,, shall satisfy the requirements of Sec. 55-14(d) of the City Code. In eo sideratrotn for- authorizing the construction of the aforementioned encroachmenfs,;Swire,fftirther covenants to: aintaFin the above -grade pedestrian walkways and below -grade vehicular iderrp:asses in accordance with the Florida Building Code and the City ai'lter and Cocle. 'Provide an insurance policy, in an amount determined by the city's risk manager, naming the city as an additional insured for public liability and property damage. The insurance shall remain in effect for as long as the encroachment(s) exist in the right-of-way. Should Swire fail to continue to provide the insurance coverage, the City shall have the right to secure similar insurance policy in its name and place a special assessment lien against the owner's abutting private property for the total cost of the premium. ( M3037260;7 7 (c) (3) Swine shall holcl harmless and indemnify the City, its officials and employees from any claims for damage or loss to property and injury to persons of any nature whatsoever arising out of the use, construction, maintenance or removal of the pedestrian walkways and vehicular underpasses and from and against any claims which may arise out of the granting of permission for the encroachment or any activity performed under the terms of this Agreement. Activity within the Public Right -of -Way. Notwithstatding the limitations set forth in Sec. 54-186 of the City Code, the City,, shall permit Food Service Establishment(s) and/or General Commercial uses, a ;:'defined in Miami 21, in the above -grade pedestrian walkways located awithin the public right-of-way, following approval by SAP Warrant. Section 10. Project Approval. (a) Future Development Review. Not edevelopment within the BriakellYCitiCentre ess SAP shall proceed pursuant to the procestalsliiahed in the Briaell CitiCentre Regulating Plan and Design Guidelines, aitacLed as Exhibit "C". The criteria to be used in determiningwhether future cjeVielopment shall be approved is consistency with the Coplehensive Plan, Agreement and the Brickell CitiCentre SAP. (b) Prohibition on Downzoning. (1) T may aue a1 Sectio�f written no ireliensive Plan;this Agreement and the Brickell CitiCentre SAP 1 govern::, development of the Property for the duration of the reement i,The City's laws,4and policies adopted after the Effective Date to the Property only if the determinations required by Vida Statutes (2010) have been made after 30 days d_e to Swire and at a public hearing. (2) Pulsua t to Section 163.3233(3), Florida Statutes (2010), this prohibition on dow zoning supplements, rather than supplants, any rights that may 'qtavest to= Swire under Florida or Federal law. As a result, Swire may challeie any subsequently adopted changes to land development 1 egul aeons based on (a) common law principles including, but not limited equitable estoppel and vested rights, or (b) statutory rights which may accrue by virtue of Chapter 70, Florida Statutes (2010). (c) Development of Regional Impact. (1) City and Swire agree that as of the Effective Date, sufficient capacity remains under the DDRI to accommodate the Project and that Swire has reserved the capacity necessary to develop the Project. (2) City agrees that any DRI development order which the City adopts after the Effective Date and which applies to the Property will (i) be consistent { M3037260;7 ] 8 with this Agreement and the BrickellCitiCenire SAP, (ii) include a Use/Intensity conversion table to allow for a reasonable level of flexibility with respect to the mix and intensity of uses :in order to respond to changing market conditions. Section 11. Retail Specialty Center Designation. Pursuant to Chapter 4 of the City Code, each block of the four block Brickell CitiCentre Property is designated as a retail specialty center. Section 12. Job Creation. Swire shall consult with local and/or stateenconomic development entities regarding job training and job placement services to city,residentsseeking employment opportunities with potential employers which will locate or estarltsiness within the Project. Section 13. Local Development Permits. (a) The development of the Property nt accordance with the Existing Zoning is contemplated by Swire. The ProjecEtlay requne. additional pert rts or approvals from the City, County, State, or Federal, goverAttent and any ditvision thereof. Subject to required legal process and approvals;' the' City shall make a good faith effort to take all reasonable steps to cooperate with and facilitate all such approvals, including acting as an applicant. - Such approvals include, without limitation, the following a pro als and permits and an ' successor or analogous approvals and permits: (b) (1) SubdiyAslon plat and/or waiudi of plat a provals; (2) (4) (5) Storif. iter Pettit ts; ovenant Tenants; ;Unity of Title acceptance or the release of existing unities or �4- (7) use and/or occupancy; Develoment of Regional Impact approval, modification or exemption; and other official action of the City, County, or any other government gency having the effect of permitting development of the Property. In the event that the City substantially modifies its land development regulations regarding site plan approval procedures, authority to approve any site plan for a project on one of the Property shall be vested solely in the City Manager, with the recommendation of the Planning Director. Any such site plan shall be approved if it meets the requirements and criteria of the Existing Zoning, the Comprehensive Plan and the terms of this Agreement. (M 3037260;7 ( 9 Section 14. Consistency with Comprehensive Plan. The City finds that development of the Property in conformity with the Existing Zoning is consistent with the Comprehensive Plan. As of the Effective Date, Swire is conducting an extensive analysis of the Public Facilities available to serve the Project. In the event that the Existing Zoning and/or the Comprehensive Plan require Swire to provide additional Public Facilities to accommodate the Project, Swire will provide such Public Facilities consistent with the timing requirements of Section 163.3180, Florida Statutes (2010). Swire shall be bound by the City impact fees and assessments in existence as of the Effective Date of this Agreement. Section 15. Necessity of Complying with Local Regulations4Mtative to Development Permits. Swire and the City agree that the failure of this Agreement to address a particular permit, condition, fee, term, license, or restriction in effect on tyre Effeeetive Date shall not relieve Swire of the necessity of complying with the regulation gove a ng sat permitting requirements, conditions, fees, terms, licenses, or restrictions. Section 16. Reservation of Development Rights. (a) For the term of this Agreement, the Gty hereby agrees that it sh 111 permit the development of the Property in accoi'd�ne with the Existing Zoning, the Comprehensive Plan and,the Agreement. (b) Nothing herein shall proincrease in, the density or intensity of development permitted on the lropty in a manier consistent with (a) the Existing Zoning anti/or the ;;Connprel ensiye P1`an, (b) any zoning change subsequently regnested or initiated by Swire 'in accordance with applicable lovisions` o t o i11 c anyzonit change su�bse uentl y enacted bythe City. .�O �. q ) (c) The'expixAwon or termination of tluts Agreement shall not be considered a waiver of, or hmftati�pn u on, the rights, rricluding, but not limited to, any claims of ested.rights or equrteVtppp l obtained or held by Swire or its successors or contin*development of the Property in conformity with Existing Zoning and all prior anti subsequent development permits or development orders granted byhe_City. Section 17 Brickell Trol, Swire acknowledges that the City is currently planning to develop a trolley system which may traverse or abut the Brickell CitiCentre District. Swire agrees to cooperate W>th theCity so that any portion of the trolley route which runs through, or adjacent to, the Brickell CitiCentre District can be accommodated within the dedicated public rights -of -way. City a`ees to evaluate whether at least one northbound and one southbound trolley stop can be incorporated into the Brickell CitiCentre District. Section 18. Annual Review. (a) The City shall review the development that is subject to this Agreement once every 12 months, commencing 12 months after the Effective Date. The City shall begin the review process by giving notice to Swire, a minimum of 30 days prior to the anniversary date of the Agreement, of its intention to undertake the annual review of this Agreement. t M3037260;7 J 10 (b) Any information required of Swire during an annual review shall be limited to that necessary to determine the extent to which the Developer is proceeding in good faith to comply with the terms of this Agreement. (c) if the City finds on the basis of competent substantial evidence that Swire has not proceeded in good faith to comply with the terms of the Agreement, the City may terminate or amend this Agreement after providing 30 days written notice to Swire and at a public heaping. Section 19. Notices. (a) All notices, demands and requests which may of are required to be given hereunder shall, except as otherwise expressly provic)ed, be in writing and delivered by personal service or sent by United States registered or Certified Mail, return receipt requested, postage prepaid., or by overnigki.t express delivery, such as Federal Express, to the par tnesrat the addresses listed le]tw. Any notice given pursuant to this Agreement shad be deemed given when, ecelved. Any actions required to be taken hereunderch fad on, Saturday, Supd`'ay, or United States legal holidays shall be deemed to bepefformed timely when taken on the succeeding day thereafterwhich shall not be aSaturday, Sunday or legal holiday. To the City: City Manager City of Miami 3500 BarOmerican Dri 33133 erside`r"C_ Ave., 9th�F1oor To Swire: StephdkOwens 501 Bi okell Key Drive, Suite 600 =�`ty: ianli--FL 33131 :nth copies to: 'Akerman Senterfitt Attn: Neisen Kasdin 1 SE 3" I Avenue, 25`h Floor Miami, FL 33131 (b) Any Party to this Agreement may change its notification address(es) by providing written notification to the remaining parties pursuant to the terms and conditions of this section. (M 3037260;7 } I I Section 20. Exclusive Venue, Choice of Law, Specific Performance. It is mutually understood and agreed by the parties hereto, that this Agreement shall be governed by the laws of the State of Florida, and any applicable fecleral law, both as to interpretation and performance, and that any action at law, suit in equity or judicial proceedings for the enforcement of this Agreement or any provision hereof shall be instituted only in the courts of the State of Florida or federal courts and venue for any such actions shall lie exclusively in a court of competent jurisdiction in the County. In addition to any other legal rights, the City and Swire shall each have the right to specific performance of this Agreement in court. Each party shall bear its own attorney's fees. Each party waives any defense, whether asserted by motion or pleading, that the aforementioned courts are an improper or inconvenient venue. Mor<eover,-,the parties consent to the personal jurisdiction of the aforementioned courts and irrevocably waive any objections to said jurisdiction. The parties irrevocably waive any rights to alibiy 1� Section 21. Voluntary Compliance. Swire and the Cityagrde that in e-event all or any part of this Agreement is struck clown by judicial proceeding or preempted'`by legislative action, Swire and the City shall continue to honor the terms and conditions of this Ageentent to the extent allowed by law. Section 22. No Oral Change or Termination. appendices appended hereto and incorporated herein Agreement between the parties with respect to the supersedes any prior agreements or understandings subject matter hereof, and no change, modF icatio be effective unless such change, modification nor dis against whom enforcement of the di change, moffcatio 3z cannot be changed or terminated orally. Section 23. Agreement, throughout t applicable federal, administrative order pernuts, respectr�ue Parties' obligations amencldd from time to time,- ate Conipliattce _wrth Applicable Law Subject to greement, Swire regulations, and procedures and o ermance under this This Agreement and the exhibits and by ie{erence, if any, constitute the entire subjecf matter hereof. This Agreement between the parties with respect to the ischarge hereof in whole or in part shall 7writing and signed by the party n or discharge is sought. This Agreement ivies Section 24 TRepresentatiof Representatives. Each party Agreement has been duly artdorized, delivered and executed legal, valid and binding obligation of such party, enforceable in the terms and conditions of this and City shall comply with all codes, ordinances, resolutions, rders that govern or relate to the Agreement, all as they may be represents to the others that this by such party and constitutes the accordance with its terms. Section 25. No Ex kisive Remedies. No remedy or election given by any provision in this Agreement shall be deemed exclusive unless expressly so indicated. Wherever possible, the remedies grantee[ hereunder upon a default of the other party shall be cumulative and in addition to all other remedies at law or equity arising from such event of default, except where otherwise expressly provided. Section 26. Failure to Exercise Rights not a Waiver: Waiver Provisions. The failure by either party to promptly exercise any right arising hereunder shall not constitute a waiver of such right unless otherwise expressly provided herein. No waiver or breach of any provision of this { M3037260;7) 12 Agreement shall constitute a waiver of any subsequent breach of the same or any other provision hereof, and no waiver shall be effective unless made in writing. Section 27. Events of Default. (a) A Developer Party shall be in default under this Agreement if any of the following events occur and continue beyond the applicable grace period: a Developer Party fails to perform or breaches any term, covenant, or condition of this Agreement which is not cured within thirty (30) days after receipt of written notice from the City specifying the nature of such breach provided, however, that if such breach cannot reasonably be cured withinthirty. (30) days, then a Developer Party shall not be in default if it conmiences to cure such breach within said thirty (30) day period and diligently proseputes such Ec.ure to completion. (b) The City shall be in default under thisgreement if the City fails to perform or breaches any term, covenant, or couclaon of this Agreement and usuch failure is not cured within thirty (30) days after receipt ofr written notice fro,a'`Developer t `r Party specifying the nature of such breach, proytded,, however, thatf such breach cannot reasonably be cured within thirty(3�Q)-c ays, the City shall not be in default (c) if it commences to cure such breach wi diligently prosecutes such titre to completion. It shall not be a default under this by a court of competent jurisdiction shall survivesue to terminate $aid thirty (30) day period and teement if either"party is declared bankrupt tsh and obligations in this Agreement bankruptcy of ei`er party G The parties hereby forfeit any right ,eement upon, the bankruptcy of the other party. (d) The<default of any Developer Partyl oz ;successor or assignee of any portion of a Developer. Patty'stght�s hereunder 'shall not be deemed a breach by any other weloper Pa't of any ofhe> successor or assignee of any portion of the rights of 1 i " eueloper Party lereunder or any other successor or assignee. (a) Neither party $ 'ay terminate this Agreement upon the default of the other party, tut shall have 411 of the remedies enumerated herein. (b) Upo) flie occurrence of a default by a party to this Agreement not cured within the applicable grace period, Swire and the City agree that any party may seek specific'" performance of this Agreement, and that seeking specific performance shall not waive any right of such party to also seek monetary damages, injunctive relief, or any other relief other than termination of this Agreement. The City hereby acknowledges that any claim for damages under this Agreement is not limited by sovereign immunity or similar limitation of liability. Section 29. Severability. If any term or provision of this Agreement or the application thereof to any person or circumstance shall, to any extent, hereafter be determined to be invalid or unenforceable, the remainder of this Agreement or the application of such term or provision to ) M3037260;7) 13 persons or circumstances other than those as to which it is held invalid or unenforceable shall not be affected thereby and shall continue in full force and effect. Section 30. Assignment and Transfer. This Agreement shall be binding on Swire and its heirs, successors and assigns, including the successor to or assignee of any Property Interest. Swire, at its sole discretion, may assign, in whole or in part, this Agreement: or any of its rights and obligations hereunder, or may extend the benefits of this Agreement, to any holder of a Property Interest without the prior written consent or any other approval of the City. Any such assignee shall assume all applicable rights and obligations under this Agreement. Section 31.. Obligations Surviving Termination Hereof. Notwitsstanding and prevailing over any contrary term or provision contained herein, in the event of ay lawful termination of this Agreement, the following obligations shall survive such terlin`hation sand continue in full force and effect until the expiration of a one year term following the earlier of the effective date of such termination or the expiration of the Tenn:(i) Nf�e exclusive venue and choice of law provisions contained herein; (ii) rights of any party au-ising during or attributable to the period einent, and (iii) any other teirm or provision 00, e termination or expiration hereof or is prior to expiration or earlier termination of this herein which expressly indicates either that it survive& or may be applicable or effective beyond the expiration or, einmtted early termination hereof. Section 32. Lack of Agency Relations establishing an agency relationship betWe' employees, agents, contractors, subsidiaries, agents, instrumentalities, employees, or contractors, the City, its contractors, agents and employees shall no employees of Swire or rt subsiddiaries, divisions or affiliates' Fi:�::l., s4r Section 33. (a) Nothing contahed; herein shall be construed as City and SMrre- arty neither Swire nor its r 74Sird s,._affihates�itii guests shall be deemed for any purpose hereunder, and deemed contractors, agents, or Cooperation; Expedited Permitting and;Time is of the Essence. arties agree to _With each other to the full extent practicable iurserant to the fetos and conditions of this Agreement. The Parties agree that time is o£ fhe. essence al, aspects of their respective and mutual responsibilities pursuant to itis Agree-Ont. The City shall use its best efforts to expedite the permitting army yapprova1 process in an effort to assist Swire in achieving its fevelopment .nd construction milestones. The City will accommodate requests roan Swue's, general contractor and subcontractors for review of phased or multiple permitting packages, such as those for excavation, site work and foundations, building shell, core, and interiors. In addition, the City will designal'e`an individual within the City Manager's office who will have a primary (though not exclusive) duty to serve as the City's point of contact and liaison with Swire in order to facilitate expediting the processing and issuance of all permit and license applications and approvals across all of the various departments and offices of the City which have the authority or right to review and approve all applications for such permits and licenses. (b) Notwithstanding the foregoing, the City shall not be obligated to .issue development permits to the extent a Developer Party does not comply with the (M3037260;7 ) 14 applicable requirements of the Existing Zoning, the Comprehensive Plan, this Agreement and applicable building codes. Section 34. Enforcement. (a) In the event that Swire, its successors and/or assigns fails to act in accordance with the terms of the Existing Zoning, the City shall seek enforcement of said violation upon the subject Property. (b) Enforcement of this Agreement shall be by action agatns:;any parties or person violating, or attempting to violate, any covenants setaorth in"this Agreement. The prevailing party in any action or suit pertaining to or at sing out of this Agreement shall be entitled to recover, in addition to cost ,and disbursements allowed by law, such sum as the Court may adjudge to be reatsoffable for Uiie services of this/her/its attorney. �: (c) This enforcement provision shall be 7tt addition tp any other remeiiesavailable at law, in equity or both. Section 35. Amendment or Termination by Mutual Consent. This Agreement may not be amended or terminated during its term eVeeptaby mutual agreement of Swire and the City. Prior to any amendment or termination of thick:,„Agr'eernent during ,10,the City shall hold two public hearings to consider and deliberate such ath ndment or term ir ation. Section 36. Third Party fefense. City an _Swine shall each,` at their own cost and expense, vigorously defend any clanns, suits_ or demands N,b -ought agal<tlst them by third parties challenging the Agreement or theProject, or objecting to any(aspect thereof, including, without limitation, (i) rant toSection 163.32apFlorida Statutes (2010), (ii) a petition for writ of certiorari, (iv) anal liability, or expense the other widtten notro responses, filings, and plea ion for declaratory judb -lent, or (iv) any claims for loss, damage, rnclud II easonnbi attor eys' fees). City and Swire shall promptly give Of anyReaction, including those that are pending or threatened, and all ings Wl .'respect thereto. Section No Conflict pf'1nterest' Swire agrees to comply with Section 2-612 of the City Code as of t1ZeEffective Date, with respect to conflicts of interest. Section 38. Nahird-Paqr Beneficiary. No persons or entities other than Swire and the City, their heirs, permitteel successors and assigns, shall have any rights whatsoever under- this Agreement. Section 39. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall constitute an original but all of which, when taken together, shall constitute one and the same agreement. NOW, WHEREOF, the City and Swire have caused this Agreement to be duly executed. [Signature blocks for City and Swire] (N13037260;7 ) 15 WIRE PROPERTIES, INC, a Florida :for profit corporation BY: Name: Title: M3037260;7 ) 16 CITY OF MIAMI, FLORIDA BY: Name: Title: [M3037260;71 17 Legal Deser4 ( M3037260;7 ) 18 Conceptual Site Plan (M3037260;7 ) 19 Exhibit "C Brickell CitiCentre Regulating Plan and ign Guidelines N13037260;7 I 20 ( Exhibit "D" Tree Preser,vation and MitigatiOnTlan VS=i, { M3037260;7 ) 21